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FORTIS ENGINEERING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2023






FORTIS ENGINEERING LIMITED (REGISTERED NUMBER: 08801252)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

FORTIS ENGINEERING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2023







DIRECTORS: C V Beagle
A J Frye





REGISTERED OFFICE: Charter House
103-105 Leigh Road
Leigh-on-Sea
Essex
SS9 1JL





REGISTERED NUMBER: 08801252 (England and Wales)





ACCOUNTANTS: Clouders
Chartered Certified Accountants
Charter House
103-105 Leigh Road
Leigh-on-Sea
Essex
SS9 1JL

FORTIS ENGINEERING LIMITED (REGISTERED NUMBER: 08801252)

BALANCE SHEET
31ST OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 37,216 32,129
37,216 32,129

CURRENT ASSETS
Stocks 3,250 4,500
Debtors 6 143,859 73,048
Cash at bank 5,025 77,257
152,134 154,805
CREDITORS
Amounts falling due within one year 7 151,783 123,380
NET CURRENT ASSETS 351 31,425
TOTAL ASSETS LESS CURRENT
LIABILITIES

37,567

63,554

CREDITORS
Amounts falling due after more than one
year

8

33,394

51,349
NET ASSETS 4,173 12,205

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4,073 12,105
SHAREHOLDERS' FUNDS 4,173 12,205

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

FORTIS ENGINEERING LIMITED (REGISTERED NUMBER: 08801252)

BALANCE SHEET - continued
31ST OCTOBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19th February 2024 and were signed on its behalf by:




C V Beagle - Director



A J Frye - Director


FORTIS ENGINEERING LIMITED (REGISTERED NUMBER: 08801252)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023

1. STATUTORY INFORMATION

Fortis Engineering Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of businesses in 2014 and 2015, are being amortised evenly over their estimated useful life's of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


FORTIS ENGINEERING LIMITED (REGISTERED NUMBER: 08801252)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st November 2022
and 31st October 2023 39,800
AMORTISATION
At 1st November 2022
and 31st October 2023 39,800
NET BOOK VALUE
At 31st October 2023 -
At 31st October 2022 -

FORTIS ENGINEERING LIMITED (REGISTERED NUMBER: 08801252)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st November 2022 49,857 11,648 5,625 7,047 74,177
Additions 13,661 225 - 781 14,667
Disposals (2,500 ) - - - (2,500 )
At 31st October 2023 61,018 11,873 5,625 7,828 86,344
DEPRECIATION
At 1st November 2022 32,491 2,468 2,920 4,169 42,048
Charge for year 4,900 2,309 676 1,554 9,439
Eliminated on disposal (2,359 ) - - - (2,359 )
At 31st October 2023 35,032 4,777 3,596 5,723 49,128
NET BOOK VALUE
At 31st October 2023 25,986 7,096 2,029 2,105 37,216
At 31st October 2022 17,366 9,180 2,705 2,878 32,129

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 120,747 55,562
Amounts recoverable on contracts 20,507 16,046
Other debtors 384 5
Prepayments 2,221 1,435
143,859 73,048

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 103,978 71,095
Social security and other taxes 27,693 33,200
Other creditors 520 -
Directors' current accounts 7,532 7,532
Accrued expenses 2,060 1,553
151,783 123,380

FORTIS ENGINEERING LIMITED (REGISTERED NUMBER: 08801252)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans due 1 to 2 years 10,000 10,000
Bank loans due 2 to 5 years 12,916 17,500
Directors long term loan 10,478 23,849
33,394 51,349

9. RELATED PARTY DISCLOSURES

The company provides services to CVB Technical Solutions Ltd. One of the directors of Fortis Engineering Limited is also a director of this company. During the year, the cost of these services amounted to £11,745 (2022: £10,605), all of which had been paid by the year-end.

The company also receives services from CVB Technical Solutions Ltd. During the year, the cost of these services amounted to £14,484 (2022: £1,997), £6,559 of which remained outstanding at the year-end and is shown in trade creditors.

10. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors.

FORTIS ENGINEERING LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
FORTIS ENGINEERING LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31st October 2023 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Clouders
Chartered Certified Accountants
Charter House
103-105 Leigh Road
Leigh-on-Sea
Essex
SS9 1JL


19th February 2024